LTL Management Refiles for Ch. 11, Proposes $8.9 Billion Settlement of Talc Claims



DOCUMENTS
  • Petition


TRENTON, N.J. — LTL Management LLC has refiled for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey, seeking approval of a reorganization plan that will purportedly resolve all claims stemming from talc litigation against Johnson & Johnson and its affiliates.

In an April 4 press release, J&J said it will “contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL Management’s initial bankruptcy …






UPCOMING CONFERENCES




HarrisMartin's Webinar Series: Suboxone (Buprenorphine/Naloxone) Film Marketing, Sales Practices and Products Litigation - MDL No. 3092

December 18, 2023

MORE DETAILS



HarrisMartin's New Jersey Asbestos Litigation Conference

March 01, 2024 - New Brunswick, NJ
Hyatt Regency New Brunswick

MORE DETAILS